Author: Kshitiz Jain

CAGR Insights is a weekly newsletter full of insights from around the world of web.

Index	21-Jun-24	14-Jun-24	Weekly Change
Nifty 50	23,501	23,466	0.15%
Nifty 500	22,236	22,214	0.10%
Nifty Midcap 50	15,624	15,524	0.64%
Nifty Smallcap 100	18,235	18,044	1.06%

Chart Ki Baat

Source: Feenstra et al. (2015), Penn World Table (2021)

Here’s the list of curated readings for you this week:

Personal Finance

• The Index Mindset- Playing It Safe vs. Taking Risks: Index investing may not be for everybody. But it is quite suitable for those who want to grow their wealth with the economy and at the same time do not have adequate skills to outperform the same. Read here

• Embracing Quiet Compounding- A Philosophical Approach to Financial Success: The passage emphasizes “quiet compounding,” a philosophy that encourages personal financial independence, resilience, and long-term endurance, focusing on internal growth and consistent progress, rather than external benchmarks. Read here

• A Poetic Critique of Market Obsession by Mr. Vijay Kedia: The poem discusses the anxiety and pressure caused by constant investment updates, emphasizing the need to maintain balance and perspective, while also urging others to be mindful of their actions and maintain their natural pace. Watch

Investing

• Surge in Quant-Powered Trades Revives Smart-Beta ETFs: Investors are investing $48 billion in equity smart-beta ETFs, targeting market winners or diversifying across the equity landscape. These systematic funds, offered by BlackRock and Vanguard, are gaining traction in stable market conditions. Read here

• SEBI Allows Redemption for KYC ‘On Hold’ Status with Specific Conditions: SEBI permits redemption despite ‘On Hold’ KYC status, provided email ID validation and proof of identity or address is met, with mobile number validation mandatory. Read here

• Majority of Mid Cap and Small Cap Funds Underperform Benchmarks Over Three Years: ET Mutual Funds found 84% of mid and 68% of small cap funds underperformed their benchmarks over three years, advising cautious investment approach, reassessment of financial goals, and maintaining diversified portfolios. Read here

Economy

• India’s Economic Rise- A Global Powerhouse in the Making: India’s growth rate exceeded Q3 expectations due to a free market democracy, pro-growth government, and young, English-speaking population. The EPI ETF shows strong performance since 2020, indicating potential future growth. Read here

• RBI Governor Warns Against Risky Growth in Banking Sector: RBI Governor Shaktikanta Das emphasized the importance of balancing business growth with risk management, praising the RBI’s enhanced supervisory systems and proactive regulatory measures for long-term financial system resilience. Read here

• India’s Business Activity Surges in June, Highest Job Creation in 18 Years- HSBC PMI Report: India experienced significant business activity growth in June 2024, with manufacturing and services sectors expanding, job creation reaching its highest level in 18 years, and optimism remaining positive. Read here

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Check out CAGRwealth smallcase portfolios

Both our smallcase portfolios are ranking well in the smallcase universe in terms of 1 year returns.

• CFF (launched in June 2022) – Ranked among Top 20 smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 40 across the smallcase universe.

Do check it out here

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That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.

The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.       

CAGR Insights is a weekly newsletter full of insights from around the world of web.

Index	14-Jun-24	07-Jun-24	Change
Nifty 50	23,466	23,290	0.75%
Nifty 500	22,214	21,764	2.07%
Nifty Midcap 50	15,524	14,952	3.82%
Nifty Smallcap 100	18,044	17,216	4.81%

Chart Ki Baat

Source: NSE Market Pulse

Here’s the list of curated readings for you this week:

Personal Finance

• Exploring Alternative Investments: Do You Need Them to Build Wealth?: A Luxury, Not a Necessity”: The ultra-wealthy often invest significantly in alternative assets like private equity and real estate, but they may not be essential for wealth creation. Read here
  
• Lessons from the Court: Roger Federer’s Inspiring Commencement Speech: Roger Federer, an honorary doctorate recipient from Dartmouth, shared his tennis career lessons, emphasizing hard work, a life beyond the court, and urged graduates to embody Dartmouth’s culture and support. Watch here

Investing

• BoB Research Q4FY24 Corporate Performance: Sectoral Highlights and Trends: The Q4FY24 BoB Research report shows strong growth in banks, finance, and auto sectors, robust hospitality demand, but weak performance in chemicals and crude oil sectors. Read here
  
  
• Fake Peers Plague Asia’s Family Office Sector Amid Growth: The Asian family office sector is grappling with a rise in fraudulent “peers” who misrepresent their roles, despite efforts to vet newcomers due to its secretive nature and wealth allure. Read here
  
  
• Reflections on the Psychological Challenges of Stock Picking and Investing: This passage reflects on the personal and psychological challenges of stock picking, highlighting the emotional rollercoaster investors face when deciding whether to hold winners or sell losers. Read here
  
  
• Exploring the Dynamics and Potential of the Co-Working Sector: Insights from NJ Marate: NJ Marate, known for his expertise in investing and now a promoter of a co-working space business called Bootstart, provided insights into the co-working sector. Watch here
  
  
• Navigating Market Volatility and Liquidity: Insights from Narin, CIO of ICC Provential AMC: In a recent discussion with Narin, Executive Director and CIO at ICC Provential AMC, the focus was on navigating the current market dynamics characterized by fluctuating emotions and significant liquidity influx. Watch here
  
  
• Insights into Howard Marks’ Investment Philosophy and Career Journey: Howard Marks, co-founder of Oaktree Capital and renowned investor, shared his journey into finance, initially sparked by a love for accounting due to its logical and symmetrical nature. Watch here

Economy

• Prohibition’s Persistent Appeal Despite Historical Failures and Socioeconomic Costs: Despite historical failures and negative consequences, prohibition is gaining traction as an electoral strategy in India. States like Madhya Pradesh, Rajasthan, and Chhattisgarh are considering it to attract voters. Read here

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Check out CAGRwealth smallcase portfolios

Both our smallcase portfolios are ranking well in the smallcase universe in terms of 1 year returns.

• CFF (launched in June 2022) – Ranked among Top 20 smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 40 across the smallcase universe.

Do check it out here

****
That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.

CAGR Insights is a weekly newsletter full of insights from around the world of web.

Index	07-Jun-24	31-May-24	Change
Nifty 50	23,290	22,531	3.37%
Nifty 500	21,764	21,103	3.13%
Nifty Midcap 50	14,952	14,443	3.52%
Nifty Smallcap 100	17,216	16,697	3.11%

Chart Ki Baat

Source: uptrends

Here’s the list of curated readings for you this week:

Personal Finance

• Arthur B. Farquhar- Lessons in Leadership and Lifelong Learning: Arthur B. Farquhar sought advice from top businessmen in 1858 and later built a successful farm equipment company. Inspired by Andrew Carnegie, he learned the importance of lifelong learning and strong leadership, emphasizing business resilience and evolution. Read here

• Optimism, Overconfidence, and the Pitfalls of Decision Making- Insights from Daniel Kahneman: Daniel Kahneman, a Nobel laureate and psychology professor, warns against excessive optimism, which can lead to failure due to risk-taking, and advocates for the use of algorithms and systematic evaluation to improve decision-making in the stock market. Read here

• Financial Wisdom- The Importance of Budgeting and Planning: The author advises their son on personal finance, emphasizing the importance of budgeting and planning for future expenses. They also discuss how pain and unrequited love inspired composer Hector Berlioz’s Symphony Fantastique. Read here

Investing

• Navigating ETF Trading Amidst Market Volatility: The Lok Sabha election results on June 4, 2024, triggered high volatility in the Indian stock market, impacting ETF trading significantly. Kshitiz Jain, Co-Founder- CAGRfunds, advises long-term investors to compare market prices with iNAV before trading ETFs, while traders can exploit price discrepancies for arbitrage opportunities. Read here

• Pause Expected in Indian Bond Rally After Global Index Inclusion: Indian government bonds have risen due to JPMorgan Chase & Co.’s inclusion in the global debt index, with foreign investors valuing them due to faster economic growth and geopolitical concerns. Read here

• Nvidia Stock Surges Ahead of Upcoming 10:1 Split: Nvidia’s stock rose 10.7% to $1,051 due to strong earnings but will drop to $105 per share after a 10:1 stock split. Stock splits make shares more accessible and signal company success. Reverse splits, like Canoo’s 1:23 split, usually indicate poor performance. Read here

• Diamond Industry’s Struggle- Navigating the Rise of Lab-Grown Diamonds: The diamond industry faces a downturn as prices drop and consumers opt for lab-grown diamonds, which are cheaper and more sustainable. De Beers plans to refocus on mined diamonds, aiming to differentiate them from synthetic ones by emphasizing their exclusivity and value. Read here

Economy

• RBI Plans Expansion of UPI to 20 Countries by FY29: The Reserve Bank of India and NPCI International Payments aim to expand the Unified Payments Interface to 20 countries by FY29, collaborating with the European Union and SAARC. Read here

• India Bonds Poised for Growth: Key Factors and Future Outlook: India’s bond market is predicted to expand due to macro-economic stability, economic scale, bond index inclusion, US economic shifts, current account deficit improvement, fiscal deficit management, and strong forex reserves. Read here

• Banks Struggle as Investors Seek Higher Returns: Indians are shifting from low-yield bank deposits to higher-return investments, affecting banks’ ability to attract deposits. Despite raising interest rates and improving digital infrastructure, banks struggle to compete with stock market returns, raising concerns about sustainable lending and profitability. Read here

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Check out CAGRwealth smallcase portfolios.

Both our smallcase portfolios are ranking well in the smallcase universe in terms of 1 year returns.

• CFF (launched in June 2022) – Ranked among Top 20 smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 40 across the smallcase universe.

Do check it out here

****
That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.

CAGR Insights is a weekly newsletter full of insights from around the world of web.

Index	31-May-24	24-May-24	Change
Nifty 50	22,531	22,957	-1.86%
Nifty 500	21,103	21,484	-1.77%
Nifty Midcap 50	14,443	14,663	-1.50%
Nifty Smallcap 100	16,697	16,883	-1.10%

Chart Ki Baat

Source: RBI

Here’s the list of curated readings for you this week:

Personal Finance

• Letting Go of Sentimental Clutter- Embracing Minimalism and Present Joy: The passage discusses emotional attachment to physical objects, emphasizing the negative effects of hoarding and reluctance to let go. It advocates minimalism and enjoyment of assets in one’s lifetime. Read here

• The Quiet Power of Thought- Rethinking Productivity in the Modern Workplace: John D. Rockefeller’s belief in internal contemplation over visible labor highlights the importance of quiet, reflective thinking in producing good work, especially during idle moments. Read here

• Importance of Inheritance Planning in Personal Finance: In a NDTV Profit discussion, Alex Matthew and Stran Financial Services CEO Theal Sen emphasized the significance of inheritance planning, legal consequences, nominee vs. legal heir distinction, and executor role. Watch

• Redefining Career Paths- Embrace Flexibility: Mistaking patterns for rigid rules in career paths, graduates often box themselves into specific trajectories based on initial job choices. Career paths need not be linear, and skills determine possibilities, not job titles. Read here

Investing

• Untold Truths and Essential Insights- Navigating the Complexities of Insurance with Mahavir Chopra: Mahavir Chopra, an insurance expert, discussed insurance complexities, shifting from sales to claims, intermediaries’ role, misleading rules, and recommending knowledgeable advisors, smart contracts, and regular policy reviews. Watch
  

• SEBI Order Reveals Varanium Cloud’s Misconduct: The SEBI order against Varanium Cloud Limited and its promoter, Harshawardhan Sabale, revealed serious misconduct, including misuse of IPO funds, false financial reporting, and share price manipulation. Read here

• IRDAI’s New Health Insurance Guidelines: IRDAI has released a master circular on health insurance, aiming to enhance policyholder empowerment, improve service standards, and ensure compliance with Ombudsman awards. Read here

Economy

• RBI’s Record Dividend- A Boost for Government Finances Amid Economic Challenges: The Reserve Bank of India’s 2.1 trillion rupees dividend to the Indian government is under scrutiny due to potential one-time gains and potential sustainability concerns, potentially supporting fiscal financing and social welfare. Watch

• How South Korea Became the World Leader in Internet Connectivity Through Visionary Leadership: South Korea achieved 93% internet access by 2022, thanks to visits by SoftBank founder Masayoshi Son and Bill Gates, earning it the title of ‘bandwidth capital of the world’. Read here

• RBI Brings Gold Home- A Historic Move: The Reserve Bank of India has transferred over 100 tonnes of gold from the UK to its vaults in India, marking its first significant addition since 1991, with another transfer anticipated. Read here

****

Check out CAGRwealth smallcase portfolios.

Both our smallcase portfolios are ranking well in the smallcase universe in terms of 1 year returns.

• CFF (launched in June 2022) – Ranked among Top 20 smallcase with medium volatility.

• CVM (launched in May 2022) – Ranked among Top 40 across the smallcase universe.

Do check it out here

****
That’s it from our side. Have a great weekend ahead!

If you have any feedback that you would like to share, simply reply to this email.

The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.